Taxation Ruling
IT 204
Investment allowance - fire proof security cabinets
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FOI status:
May be releasedFOI number: I 1101737FACTS
Consideration was given to the eligibility for the investment allowance of fire proof security cabinets used for the storage of tapes, etc.
2. It is understood that these cabinets measure some 6 x 4 x 2 feet, that they are designed to protect their contents against damage by fire and that deductions have been disallowed in some cases on the view that they should be treated as items of office furniture.
RULING
3. Because of their nature and particular purpose it is considered that protective cabinets of this kind should not be treated as falling into the general category of office furniture. It is desired, therefore, that, other conditions being satisfied, claims for investment allowance in respect of cabinets of this kind, be allowed.
COMMISSIONER OF TAXATION
12 June 1978
References
ATO references:
NO J153/119/10 P12 F203
Date original memo issued:
12.06.78
Subject References:
SECURITY CABINETS
FIRE PROOF CABINETS
INVESTMENT ALLOWANCE
Legislative References:
ITAA 82AA
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